Spirit Of Innovatio

China has directly invested 28.6 billion yuan in the Shanghai World Expo, according to its official data. So far, the Shang-hai Expo has embraced over 15 million total visitors over 50 days （95% of whom are Chinese）, and hit a record of 552 thou- sand people in one day. Reports from the Pavilion of the Kingdom of Saudi Arabia said that the longest queue at the pavilion has reached as long as 9 hours, which still does not capture the enthusiasm for these pavilions. So, as a big celebration for Chi- nese everywhere, what is the meaning of holding such a big World Expo？     

Spirit Of Innovation

China has directly invested 28.6billion yuan in the Shanghai World Expo,according to its official data.So far,the Shanghai Expo has embraced over 15 million total visitors over 50 days(95% of whom are Chinese),and hit a record of 552 thousand people in one day.Reports from the Pavilion of the Kingdom of Saudi Arabia said that the longest queue at the pavilion has reached as long as 9 hours,which still does not capture the enthusiasm for these pavilions.So,as a big celebration for Chinese everywhere,what is the meaning of holding such a big World Expo?     

Seeking China Capital for Investment in Iran Oil Refining

Influenced by the financial crisis, the overall bilateral trade volume between China and lran decreased .by 39% in the first quarter of 2009;however, the volume of Iran＇s exported crude oil to China has increased by 88% compared with the same period last year up to May of 2009, totaling 308.8 million tons. Iran, as the world＇s No.5 crude exporter, replaced Saudi Arabia as China＇s largest oil supplier. At the same time, China, as the world＇s No.2 oil consumer, now imports half of the crude oil it consumes, and has become Iran＇s third largest customer.     

How Do China＇s Economic Policies Work？

All the indicators of China＇s economic data in the first half of 2008 have shown that the fast growth is not going to translate into overheating. But given the complicated economic .situation now, it remains a headache to maintain a steady economic growth. What challenges will there be in China＇s economic development in the second half of this year＇？ And what policy would be the key to the problems＇？     

China to open first three pilot consumer financing companies

The People＇s Bank of China, the central bank, reiterated on January 6 that it would maintain a moderately loose monetary policy in 2010 and improve the focus and flexibility of the policy according to new circumstances.     

Every Day at the Shanghai Expo Will Be the First Day——A special interview with Mr. Ye Mingshui,Taiwan Pavilion＇s executive director

On the second day of the Mid Autumn Holiday, Mr. Ye Mingshui, Taiwan Pavilion＇s executive director accepted the exclusive interview from China＇s Foreign Trade. During the talks, Mr. Ye always show cased his great dedication, passion and wisdom in leading his team at the Taiwan Pavilion. As of September 23rd, the Taiwan Pavilion had received a total number of 569,657 visitors, and this pavilion, which was completed after only t99 days of construction, work, has become one of.the .     

Chinese Investment in ASEAN Countries Increasing Rapidly

The ASEAN would be "the main destination of China's growing overseas investment in future", the Chinese-Indonesian billionaire said at the China-ASEAN Expo in Nanning. ASEAN member states have invested a total of US$ 41.9 billion in China since the country began it reform and open-up drive in late 1978, according to statistics from the Chinese Ministry of Commerce.     

China issues larger cotton import quotas for 2010

China, the world＇s largest cotton consumer, has issued the first batch of 1.89 million tonnes of cotton import quotas for 2010, as it aims to ease supplies ahead of an expected low domestic harvest. Of the total amount, a quota of 1 million tonnes of cotton could be imported according to a sliding tariff rate, while imports of 894,000 tonnes would be taxed at a fixed 1 percent, said the China Cotton Association on its website （www.china-cotton.org）.     

China Mobile and AT＆T to launch OPhone smartphones

UK Regulatory Authorities might stop the deal between Orange and T-Mobile going ahead because of the dominance it would give the two firms in the mobile phone market. According to a report in the Guardian, which cites no sources, the government is working with five of the UK＇s main wireless network providers to impose limits on the amount of spectrum each operator can     

EXPERIENCING the World at the 2010 Shanghai World Expo

From July until November in 2010,which totals up to almost four months,I was employed as astudent ambassadorat the United States Pavilion at the Shanghai World Expo.My job responsibilities consisted mostly of introducing the various parts of the Pavilion to Chinese guests(in Chinese of course).Naturally this gave me a lot of time to interact with them and talk to them about their views on the Expo,other countries including the US,and their very own native China.When not working,I would explore the other ...     

Shaanxi Impressions

Ancient, but longing to be modern
In most people＇s eyes, Xi＇an, the capital of Shaanxi, a province in western China, is an alias for ＂Ancient China＂, which is also what Patricia from Arizona, U.S., who was sitting next to me on my Xi＇an flight thought as well. ＂My husband and I managed to spend one precious day there in our busy China trip schedule, just to have a look at the great Terra Cotta Warriors,＂ Patricia＇s eyes were glimmering as we set off flying towards history. The Terra Cotta Warriors are the masterpiece of the First Qin Emperor, whose dynasty dates back to BC 221 - BC 207. Actually, I would prefer to refer to the city as ＂Chang＇an＂, which used to be the city＇s name in the Tang dynasty （AD 618 - 907） when it served as China＇s capital during the most prosperous period in ancient Chinese history.     

OPEC Countries Seek to Boost China Share

OPEC countries, which produce 40% of the world's oil, are step ping up efforts to secure their market share in China as the group competes with Russia to supply the world's fastest-growing energy market. Sheikh Ahmad Fahd al-Sabah, president of the Organization of Petroleum Exporting Countries (OPEC), will lead the group's first talks with China today as members including Saudi Arabia and Kuwait plan investments in Chinese refinery     

In or Out？

China on April 1 raised the tax rebate rates on exports of certain textile and apparel products from 15% to 16%. It , is the fourth time the government has raised the rebate rate since last August. Dating back to February 4, the State Counc-il executive meeting examined-and approved in principle the revitalization of the textile industry adjusts planning, in the planning, the country would increase textile and garment export tax rebate rate further from 14% to 15%. The measures are expected to boost China＇s textile and garment enterprises＇ profits by RMB 9 billion, it is significantly positive for the textile exporting enterprises since the country policies convey a positive signal to consolidate the international share of China＇s textile industry. Some experts firmly declare textile exports are set to languish this year with no signs of a quick pick up, notwithstanding the increase in tax rebates. Other asserts that with the relative domestic demand extending policies released by the government, the domestic market is expected to remain stable. In these circumstances, more and more enterprises are pushed or actively choose to eye on domestic market, but is ＂going in＂ really better than ＂going out＂ for them？ If it is really a dilemma, how can they do to strike the balance？     

2011 Jeddah Economic Forum Successfully Held

the 2011 Jeddah Economic Forum(JEF) was successfully held from March 19th to March 22nd in the second largest city of Saudi Arabia,with over 2000 Saudi and international participants for this four-day event. It was the 11th Jeddah Economic Forum held since the year 2000.This year's forum was titledA 21st Century Transformation:The Impact of Global Forces,and involved 42 speakers,of which 18 were Saudi princes and officials. Other speakers included Recep Tayyip Erdogan,the Turkish Premier; Nelson Mattos,G...     

China＇s Hanlong eyes west africa

Sichuan Hanlong has bid for the outstanding shares of Australia＇s Sundance Resources, valuing the company at $1.5 billion in a deal that would give it control of a major iron ore mine in west Africa an...     

RMB Exchange Rate Reform：Past and future

With the deepening of China＇s financial reform, economic development and the enforcement of market roles, the RMB exchange rate needs to become more flexible and become a more sensitive reflection of the changes in market supply and demand. Under such circumstances, on July 21, the People＇s Bank of China announced that the previous system where China＇s RMB was pegged to the U.S. Dollar would be changed to include a basket of foreign currencies, shifting China＇s exchange rate system into a managed floating exchange rate regime based on market supply and demand.     

How to Change the Double Surplus Situation After Financial Crisis？

Reform the foreign trade policy, increase the intensity of imports For the future competitive pressures of trade in goods and the lack of competitive advantage in service trade, the policy adjustment should focus on improving the competitiveness of China＇s export products. Meanwhile, it should promote the development of appropriate import according to the needs of the economic development. This would include：     

Agricutturat Bank to taunch Shanghai offering

Agricultural Bank of China, seek- ing to raise more than US$23 billion in what would be the world＇s biggest initial public offering （IPO）, said it will launch the Shanghai portion of its IPO this week.     

China Telecom＇s net profit down 27.5% in H1

China Telecom Corp, Ltd., China＇s largest fixed line service provider, said on August 27 that net profits fell 27.5 percent from a year earlier in the first half of this year on losses of fixed-line subscribers and increased costs on mobile services. Net profits stood at RMB 8.41 billion （US$1.23 billion U.S. dollars） in the first half, excluding gains from fees collected from installation of fixed lines. Earning per share was RMB 0.1, the company said in its statement to the Hong Kong Stock Exchange. Revenue rose 14.8 percent year on year to RMB 102.55 billion from January to June. The company said it didn＇t plan to pay an interim dividend, but would consider the matter at the end of the year.     

Luxury Loves China

With luxury sales in the rest of the world either shrinking or growing more slowly, it showcased a completely different scene in China. Although not immune to the global economic crisis, the country has suffered far less than others, and the continued health of China＇s luxury market makes it an oasis of hope and possibility in a recession-battered world.